Economic Policy Institute Senior Economist Robert Scott joins Yahoo Finance’s Zack Guzman to discuss the latest economic outlook as states slowly begin to reopen.
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Dont believe them! Inflation is gonna boost everything up!!!
Yea Raise the price of goods and services and the stock market
Thank You 😊 for posting this here ❤️ on Yahoo Finace News Alerts Sir 👍💯😉……..
Those poor small businesses………
They dont lose only their job but their entire livelihoods in many cases.
Small businesses, the backbone of the economy, when they falter (and they will) the economy will be blood on the floor.
but the stock market just rallies , Dow + 700 on the monthly record high as economist predicts “worst depression”, who do we believe ?
Believe the Bible history repeats it self prepare for a beyond great depression it’s over around the world evil has surfaced
@S. Dares start you’re own IRA, it’s easy. Take care of your future self contributing what you can as you go. It’s rough out there.
@lydia yuna It went to the stock market because our political system is owned and operated by corporations.
Rising prices means dollar devaluation.
The most important difference people seem to leave out of the equation is the internet! We have the internet now so some people saved their jobs and were able to keep an income. Some people make a living from the internet. Some businesses are conducted online etc… stock trading is also a job that some people have and it pays when you do your research and read the charts.. something 1929 depression can’t be compared to
Just like the almighty says, there shall be a time upon this Earth such as man has never seen before. He never lies.
Something always happens like never before. What is the ultimate here? The Noah’s Flood, The Black Death, The Spanish Flu, WW1, WW2? Something devastating happens now and then and humanity slowly recovers and life returns back to normal.
This is it- never seen this worldwide situation, over soon, quite disappointing if that was it ??
Unemployment does not matter, the rich will spend the economy back to health and the folks without jobs can scrabble to do what ever they can do to make ends meet. Its not even a new normal its the same ol same ol.
The US ship is shrinking. In order to maintain living standard they have to throw parts of the population to the sharks.
@Ellen Gran Here fishy fishy 😛
This is historic unemployment. Never before seen levels of unemployment.
Absolutely. A MAJOR recovery plan in the way of infrastructure development is essential after the relief period is over. Republicans don’t believe in relief and neither party is addressing the need for a serious recovery plan. God Bless America.
got your rice & beans ? S E R I O U S L Y
40,000,000 MILLION HUNGRY PISSED OFF AMERICANS
CORPORATE WELFARE REQUIRED, TRUE COST OF PRODUCTION
HAS NEVER BEEN PAID, DEAD WORKERS ARE NOT PROFITABLE
DEMAND SAFTEY & A REAL WAGE
I’ve been thinking that they should have had a plan ready for years to boost us out of eventual downturns.
Depression started.
ive always been depressed before the economy thot it was cool
Depression started long time ago for a good percentage of people. This is why Prozac, Zoloft, Paxyn are on the market…
I’d call it the beginning of the end….so the word I would use is collapse…. not depression….
@nder1477 True, because for depression there is a cure… Prozac! 😉
the unemployment is 50% is this guy forgetting furlough
They are like prophets forecasting a horrific end of the world due to the flue
@ILikeChopin the Coronavirus was just the final trigger that is bringing down a “Ponzi scheme” of massive proportion that under REAL CAPITALISM would have made corrective adjustments a decade ago. To much socialistic monetary policies for the wealth generation of the 1% & their interests paid for by public debt on the back of the 99%
taxpayer class..
Because the country isn’t open tell your government you want the country to open back up so people can get back to work
Nah, I’m going to collect unemployment and enjoy a few months off grilling steaks and fishing. I will come out with a nice chunk of money by the end of July.
It’s pretty much open
This vid’s title SHOULD read “…*WORSE* not “WORST” than the Great Depression…” Basic English grammar is sadly crashing, as well. You’re a smart sounding fellow, come on…🙄😆
It’s good to see that someone else notices the slow erosion of grammar and sentence structure.
I’m surprised it doesn’t say Wurst.
@BrewsandBass
Liverwurst than the great depression
The country is reopening, time to get back to work.
Safely
To what jobs? Hertz, Airlines, Hotels and a lot of small businesses are not coming back…
At the rate we’re going, everybody’s gonna need to work 2 full time jobs.
@Ash that was 40% of Americans pre-Covid
And yet, Kevin Hassett, Trump’s economic advisor, doesn’t believe that people need anymore stimulus and expects the economy to start to recover by June. And then goes on to reduce American workers as “human capital stock”. If you can justify that and don’t see that as a perfect example of what this administration thinks about Americans, it’s simply because you are willfully obtuse.
Keeping people poor and desperate in the face of disease and death forces people to work shitty jobs for crap pay and risk their lives.
That’s the only thing they’re thinking about. Apple doesn’t care if you die, as long as they got to swipe your credit card before you croak. Sadly, this is America now.
@Shahin
How do you think companies make profits? Its not by paying 50 dollars an hour to every employee. Profits are the point of business. Not charity. Do you have a better idea to base an economy on besides communism or capitalism?
I rather be on unemployment. Get paid more than going to work. Y work for less? Not only that, i dont have to pay mortgage for a year! Fed said unlimited free $$$ the American dream!
that philosophy works until the people responsible for making the food in your house happen take on the same belief
If that happend then you will be paying for goods and services at a way higher price in no time 🤣. Hyperinflation at its highest
It only works till everything becomes unaffordable. Have fun spending $10 a gallon on gas, $700 or $800 a week on groceries.
TRUMP might want to leave now. 40 MILLION HUNGRY, ANGERY, AMERICANS
WILL WANT HIM
Yeah, it’s *WORSE*
These politicians/big business better put the needs of Americans first during the recovery or else they will hang in public squares all across America. You watch and see.
Pizzeria on my street is struggling to keep up. I have been ordering in but they used to get a lot of foot traffic. I don’t think they will make it to end of June unless the neighboring business get through
*worse than..
Great Depression coming 2021 …
These grids are such crap…. For example. Nevada is presently shut down. There is not a single casino on the strip open. No pools, no nightclubs, no local casinos, no gyms, no movie theaters, etc. Who puts these broken views together!!!???
Bet they weren’t giving away 600 bucks a week to people in Great Depression thou….🤷♂️I’m just thinking out loud
How is there a grammar mistake on the title of a video FOR YAHOO NEWS?! Comparative form of “bad” is “worse”, thank you very much.
Tough to force people to go back to work when the jobs are not there to hire people… PEUC will need to be extended until Unemployment is below an acceptable percentage.
Hello Google please turn off closed captioning
The rich and wealthy prosper and the working class and poor suffer and die , so much for making America great
America was built on slavery, when that ended and the elite had to pay people to work for them , they had to work out a way to pay them as little as possible , and the best way to do that was to control the government , and that is exactly what they’ve done.
Car factories are taking away summer shutdowns to work the economy cant be that bad then !!!
Boeing lays off thousands AFTER receiving billions in gov’t aid to….wait for it ….. retain employees during pandemic….ok….
The market loves cutting jobs….Boeing stock up 7 bucks a share…..yipee…..
You can force people back to work, but I have yet to see a successful strategy in forcing them to BUY……and with a third of your workforce not working….exactly how are people supposed to afford to buy anything anyways…..sorry Wall street….people actually need jobs to participate in your capitalist system…..no money = no funny….
BULLISH
Time to f in get China 🇨🇳